SETUP
1 - 4 Hour chart (This system works best with GBP/USD, GBP/JPY)
2 - NonLagMa_v4
# Filter=20
# Color=1
# ColorBarBack=0
SHI_SilverTrendSig
# Allbars=0
# Otstup=30
# Per=9.0
# Don't forget to change the colors also (0=blue-1=red)
FX Sniper's Ergodic_CCI_Trigger
# pq=4
# pr=8
# ps=5
# trigger=4
Entry
Enter long when :
1 – a blue dot appears
2 – the ergodic CCI crosses up the trigger line ( blue line crosses up the red one )
3 – NonLagMa color changes to yellow
Enter short when :
1 – a red dot appears
2 – the ergodic CCI crosses down the trigger line ( red line crosses down the blue one )
3 – NonLagMa color changes to yellow
Exit
Exit when a new dot appears (red if you are long and blue if you are short). This method gives you mecanicals trades. Don't hesitate to transform them into a discretionnay trade after because you can see things that the system can't. Sometimes, it will be the difference between a 30 pips trade and a 300 pips trade. Once you move your stop to breakeven and add a trailing stop – you can't wait alittle more time to see what the market wants to give you.
Stop
In general, I look for previous daily Resistance-Support but I don't have only one method for my stops. You can also looks for the high or low of the previous bar.
Remarks
Price enter :
The price enter is the open price of the candle or bars where the NonLagMa is yellow.
Ergodic_CCI :
The signal is stronger when the FX Sniper's Ergodic_CCI_Trigge is above 300 or under -300.
NonLagMa :
''The non-lag MA does turn yellow/non yellow while the current candle/bar is still forming ... so i wouldn't enter a trade until the end of the current candle confirms that the yellow section doesn't switch back to a non signal. So remember wait till the candle is fully formed until entering a potential trade!!!!'' Matrung (FF member).
What's matrung says is right but it's depend if you are agressive or conservative ! If you are agressive, you can go when the non lag show for the first time a yellow line but if you are more conservative, like matrung said, wait for the candle to be fully formed.
To be more conservative means less profit but also more safety.
The order :
I don't take a trade when the cross happens before the dot or when the cross happens after the nonlag. So, i wait for a dot then for the cross and then for the nonlag.
It doesn't matter if the cross and the nonlag happen at the same time but like i said earlier, the cross should never happen after the nonlag.
EXAMPLE
CLICK HERE TO GET THE INDICATOR
